Loma de Hierro jumps hurdle
Venezuela’s mines ministry has approved the development plan for the Loma de Hierro nickel deposit, 50 km southwest of Caracas. And Jordex Resources (TSE), owner of a 45% interest, is looking forward …
1995
TSE short positions (November 27, 1995)
Short positions outstanding at October 31, 1995Larger individual positions included: Barrick Gold 5,459,772; Agnico-Eagle 195,525; Anderson Expl. 132,100; Bema Gold 1,366,400; BGR Precious Metals 114,…
Miramar reports higher costs at Con
Production costs have increased at the Con underground gold mine near Yellowknife, N.W.T., reports owner Miramar Mining (TSE).The company earned 29 cents per share, or $14.6 million, for the 9-month p…
Hecla writes down Grouse Creek interest
The third-quarter operating results of Hecla Mining (NYSE) include a nonrecurring asset writedown of its entire 80% interest in the Grouse Creek gold mine in central Idaho.Great Lakes Minerals (TSE) o…
Gold City set to acquire Cyn-Tech
In a move to raise exploration funds for its projects in British Columbia, Gold City Mining (VSE) intends to issue a takeover bid for all the shares of Consolidated Cyn-Tech Ventures (VSE).The takeove…
NovaGold Res. restructures loan
An agreement has been reached between Nova Gold Resources (TSE) and its banker, National Bank of Canada, that will allow the former to restructure a $1.9-million loan.The loan was incurred by NovaGold…
Laminco tests Luz del Cobre
Junior Laminco Resources (TSE) is set to proceed with hydrogeological tests on the Luz del Cobre copper deposit at its San Antonio project in Mexico’s Sonora state.Plans for developing Luz del Cobre a…
Fischer-Watt boosts output in Colombia
Gold production at the Oronorte project in Colombia topped 1,045 oz. in October, well above the average monthly figure of 611 oz.All production came from the Limon underground mine, where high-grade o…
Southeast zone drilling adds to potential of Busang
Few exploration plays have attracted as much speculative interest this year as the Busang bulk-tonnage gold project operated by Bre-X Minerals (ASE) in the Indonesian province of East Kalimantan.The c…
Diamond Fields hits massive sulphides at Eastern Deeps area
The Eastern Deeps of Voisey Bay may be less accessible than the near-surface ovoid zone, but the mineralization now appears to be equally rich.Diamond Fields Resources (TSE) has passed the 200 mark in…
GREATEST VALUE TRADED, NOV. 15-21 (November 27, 1995)
Value($000s)HighLowCloseChange Barrick Gold T141077$35 1/833 3/835+1 1/2Placer Dome T113431$33 1/831 1/232 5/8+7/8BRE-X Mnrl A110167$5543 1/853+3 1/8Inco Ltd T94578$50 46 …
Stormy weather stalls CSR drilling
Due to “extremely severe” weather conditions, the Canadian States Resources (CDN) drill crew working 80 km northwest of Voisey Bay has discontinued drilling.The company plans to resume drilling as soo…